Answer:
Human capital
refers to the economic value of the combined knowledge, experience, skills, and capabilities of employees
Answer:
$112,500
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life)
Depreciation expense in year 1 = 2/4 x $450,000 = $225,000
Book value at the beginning of year 2 = $450,000 - $225,000 = $225,000
Depreciation expense in year 2 = 2/4 x $225,000 = $112,500
<span>To calculate the average collection period: the average accounts receivable balance divided by average credit sales per day.
With $1,000,000 per year, that is $2739.73 per day.
The average accounts receivable is ($80,000 + $60,000) / 2 = $70,000
$70,000 / $2,739.73 = 25.6 days</span>
Answer:
U.S. households or firms wishing to purchase foreign goods or assets.
Explanation:
The preparation of the year-end 2022 income statement for Crane Co.is shown below:
Crane Co.
Income statement
For the year 2022
Revenue
Service revenue $63,500
Total revenues $63,500 (A)
Less: Expenses
Advertising expense $1,800
Rent expense $10,000
Utilities expense $2,300
Salaries and wages expense $25,300
Total expenses $39,400 (B)
Net income $24,100 (A- B)
